Uranium Energy Corp
OTC Bulletin Board : URME

Uranium Energy Corp

June 01, 2006 09:00 ET

Uranium Energy Corp Announces the Appointment of 50-Year Veteran Mining Engineer and Geologist, John Nelson, as Senior Geologic Engineer

AUSTIN, TEXAS--(CCNMatthews - June 1, 2006) -

Technical Team Expanded to Include 8 Eminent Uranium Professionals with Over 200 Years of Professional Uranium Experience

Uranium Energy Corp (the "Company") (OTCBB:URME)(FWB:U6Z)(BERLIN:U6Z) is pleased to announce that it has made another significant addition to its industry-leading ISL uranium technical team with geologist, mining engineer and uranium specialist, John R. Nelson.

Mr. Nelson is a Professional Geologist with 50 years experience, including 45 years as a mining engineer, and in particular, 20 years with uranium mining operations in the southern United States. Mr. Nelson has held senior mine management positions with prestigious mining companies that include: Kerr McGee Nuclear, US Smelting and Refining, Anaconda Minerals, United Nuclear Corp, Southern Peru Copper, and many others.

Mr. Nelson's scope of experience covers a wide spectrum of the mine cycle, including land tenure, exploration, mine design and engineering, permitting, mine construction oversight, mine management, ongoing environmental compliance, and mine reclamation.

John Nelson received his Bachelors Degree in Geology from the Texas Technical University, at Lubbock, Texas, and is registered as a Professional Geologist in the state of Wyoming. He is a Certified Uranium Mine Foreman in Wyoming.

Mr. Nelson's employment with Kirkwood Oil and Gas during the 1980s, as mine manager for uranium mining operations in Wyoming, is of particular interest to the Company. Uranium Energy Corp recently announced the acquisition of a uranium development database compiled by Kirkwood (please see news release dated May 18, 2006). Mr. Nelson brings his familiarity with this data, and the ground that it covers, into Uranium Energy Corp. He will be instrumental in interpreting the data and leveraging it to locate and acquire further historically drill-proven uranium resources in Wyoming.

Uranium Energy Corp President and CEO, Amir Adnani, comments on the appointment, "Uranium Energy Corp has consistently proven its ability to attract eminent uranium professionals. With John Nelson, we add further depth to our mine finding and mine development operations at the present time. A key objective of the Company is to draw together the best uranium operations team in the US."

About Uranium Energy Corp

Uranium Energy Corp. (OTCBB:URME) is a US-based junior resource company focused on uranium exploration and development in the United States. The Company has a mission to acquire historical uranium resources that can quickly be developed into producing uranium mines. Its management is comprised of veteran mining and exploration professionals eminent in the field of uranium. Uranium Energy Corp is well positioned to capitalize on the world's current significant alternative energy boom. Visit www.uraniumenergy.com for more information.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contact Information

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